Concurrent Investment Advisors LLC Sells 3,710 Shares of iShares Silver Trust (NYSEARCA:SLV)

Concurrent Investment Advisors LLC lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,627 shares of the exchange traded fund’s stock after selling 3,710 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Silver Trust were worth $629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SLV. Raymond James Financial Services Advisors Inc. lifted its stake in iShares Silver Trust by 11.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after acquiring an additional 132,729 shares during the period. International Assets Investment Management LLC increased its position in iShares Silver Trust by 2,203.2% during the 4th quarter. International Assets Investment Management LLC now owns 236,727 shares of the exchange traded fund’s stock valued at $5,156,000 after buying an additional 226,449 shares in the last quarter. CoreCap Advisors LLC raised its stake in iShares Silver Trust by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 30,225 shares of the exchange traded fund’s stock valued at $658,000 after buying an additional 12,907 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in iShares Silver Trust by 0.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 315,432 shares of the exchange traded fund’s stock worth $6,690,000 after acquiring an additional 1,956 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in shares of iShares Silver Trust by 7.6% in the fourth quarter. Pinnacle Financial Partners Inc now owns 21,198 shares of the exchange traded fund’s stock worth $462,000 after acquiring an additional 1,498 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV traded down $0.09 during trading hours on Monday, hitting $28.03. The company had a trading volume of 13,270,064 shares, compared to its average volume of 23,882,465. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm has a fifty day moving average price of $27.30 and a 200-day moving average price of $24.12. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56.

About iShares Silver Trust

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.